Latest news
Latest news
In March Lone Star closed its fourth residential mortgage fund at over $1bn
Bank’s relationship with SpringCash is ‘commercial’
Deal is the first seasoned performing and reperforming loan deal for Mill City Mortgage this year
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Heavyweight debt collector Intrum reflected on a very active period of investments in its fourth quarter results, as banks continue to use it when dealing with legacy assets. But analysts questioned its refinancing abilities. -
Ginnie Mae announced on Wednesday that it was restricting loanDepot, an online marketplace lender, from pooling Veteran Affairs mortgages into certain Ginnie securitizations due to aggressive loan churning.
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Natixis and others are in the market with a remarketing of Fanes 2018, an Italian RMBS backed by a static portfolio of first lien residential mortgage loans originated in northern Italy.
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The guarantee on securitization of bank non-performing loans (GACS) is likely to be extended, according to market participants speaking at a non-performing loans (NPL) event by the rating agency DBRS. Traders and other sources suggest the government could extend the programme to loans classified as 'unlikely to pay' (UTP).
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A White House statement on Tuesday indicated that the executive branch will work with US Congress to privatise the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, signalling that any attempt to reform US mortgage finance will need to pass through a deadlocked legislature.
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Australian lender Pepper Money this week started marketing an RMBS that will offer investors a euro-denominated tranche and a short-dated dollar tranche, as the issuer looks ready to be the first to jump into the European securitization market this year.
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More than 60 UK RMBS securitisations containing pre-crisis assets will see credit improvements, according to Moody’s, as the UK's Financial Conduct Authority (FCA) has promised to relax mortgage affordability rules for “trapped” borrowers. The change in approach will affect more than £29bn ($37.87bn) of outstanding bonds.
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Based on a recent study released by data provider Ellie Mae on homeownership trends in the US, millennial borrowers are taking out larger and larger FHA mortgages as low housing inventories continue to push prices upward.
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A handful of prime UK RMBS deals are rumoured to be in the pipeline, along with several prime euro transactions, with issuers said to be targeting US investors while they wait for the fog to clear around new ‘simple, transparent, standardised’ (STS) rules.
